Question 1

What am I actually buying?

Accepted Answer

A share of an on-chain fund: an ERC-4626 vault token on HyperEVM (chain 999). The vault contract IS the token. Shares are minted when you deposit USDC and burned when you redeem, priced at a future NAV - the NAV after the fund executes the trade your request causes, at your minimum or better within your timer.

Question 2

What does the fund hold?

Accepted Answer

There are four funds. The three directional ones hold BTC and ETH perpetuals at once, each long or short according to its own trend signal, rebalanced automatically. They run the same strategy on the same signals and only the leverage ceiling differs: 1.3×, 2.6× or 4.55×. The fourth, ATOX, is a separate delta-neutral fund (below).

Question 3

What are the fees?

Accepted Answer

Each purchase and sale bears its own execution cost: what the fund pays to buy or unwind that flow’s share of its exposure, taker fee included - at least the live touch cost, at most 5%, no minimum, estimated on the fund page. Both stay in the fund for the remaining holders. Plus 2%/yr management and 20% of profit above the high-water mark (ATOX: no management fee, 5% above the high-water mark), accrued from NAV. Paid in native USDC, no swap.

Question 4

Why is the strategy not published?

Accepted Answer

The signal logic is proprietary, and the open positions of a leveraged book that rebalances on a schedule are a front-running signal. What is public: the live NAV, the fund size, the P&L, the fee structure, the on-chain accounting, and the 4.6-year backtest of the strategy on the Monitor.

Question 5

Who holds the money?

Accepted Answer

Until you buy, it is in your own wallet. After you buy, the fund’s assets are held only in the fund’s vault contract and its strategy contract’s own HyperCore account (Smart-Contract Custodial, Delegated Execution). No function sends funds to an address of the operator’s choosing. The operator can trade but cannot withdraw, and any contract upgrade needs 48 hours’ public notice on chain.

Question 6

How do I sell?

Accepted Answer

Enter an amount, choose your minimum and timer, and confirm. Within the timer the fund unwinds your share at your minimum or better and your claim is fixed in USDC at the NAV after that trade. The cash is paid once the fund has freed it. If the timer ends first your units are unlocked. You can cancel while the timer runs. Exit fee: the sale’s own execution cost (at most 5%), no minimum.

Question 7

What is the risk?

Accepted Answer

Leveraged and actively managed: you can lose your entire investment through drawdowns, funding costs or liquidation. The contracts are not externally audited. The live track record is short. The long curves on the Monitor are a backtest of the same strategy, not this fund’s past. Invest only what you can afford to lose entirely.

Question 8

What is ATOX?

Accepted Answer

The fourth fund: a separate delta-neutral fund on HyperEVM with its own vault and fees. It aims to carry no net market direction, so its NAV is not meant to follow the price of BTC or ETH. How it seeks a return is not published. Any yield shown for it is based on past data and is not a promise.

Question 9

What can go wrong with ATOX?

Accepted Answer

Delta-neutral is not risk-free. The return can be low, zero or negative for long periods, and the NAV can fall. Its assets are held only in its vault and its strategy’s own HyperCore account (Smart-Contract Custodial: the operator can trade but cannot withdraw), the contracts are upgradeable with 48 hours’ public notice and not externally audited, it depends on Hyperliquid and its rules, and its live record is very short. You can lose part or all of what you put in.

Question 10

What does ATOX cost?

Accepted Answer

Each purchase and sale bears its own execution cost, at most 5%, no minimum. No management fee. 5% of profit above the high-water mark, accrued about once a week.


ATO13 1.3×	0xA1Fa…6285	0xC70E…55B8	0x4960…9821	0x266b…c2ca	0x011c…8150	0xe3da…1f72
ATO26 2.6×	0xA1Fa…7bc1	0x2fB5…Fa7f	0x4960…9821	0x266b…c2ca	0x011c…8150	0xe3da…1f72
ATO455 4.55×	0xA1Fa…56a2	0x6558…2ad9	0x4960…9821	0x266b…c2ca	0x011c…8150	0xe3da…1f72
ATOX Δ0	0xA1Fa…55ae	0x8D76…EC44	0xcbfc…d47c	0x9a00…7657	0x011c…8150	0x96c9…31e7

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